Do not stop at the raw multiplied probability for each itinerary; also add up each option's total travel time, since fewer hours on the road under continuing fog matters too.
With winter fog making the trip unpredictable, Ram needs to weigh both the chance each leg runs on time and how many hours he is exposed on the road while picking his route from Delhi through Bharatpur, Jodhpur and Jaipur to Ajmer.
Scoring each option by weighing the chance of failure at eighty percent against the total hours at twenty percent, taxi, train, flight, train comes out with the lowest combined score, close to 6.5, well below the other three options, which all land between 8 and 9.5.
Let's summarize:
So the itinerary Ram should adopt is Delhi to Bharatpur by taxi, Bharatpur to Jodhpur by train, Jodhpur to Jaipur by flight, and Jaipur to Ajmer by train.